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Sof5 A
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Decks in this class (10)
1.1 Main Economics Groups + Factors of Production
What is a good give an example 1,
What is a service give an example 2,
What are the 3 main economic grou...
15
cards
1.2 The Basic Economic Problem
What is the basic economic problem 1,
What is meant by unlimited wants 2,
What is meant by scarce resources 3
14
cards
2.1 The Role of Markets
What is a market 1,
What is a market economy 2,
What is the primary sector and wh...
21
cards
2.2 Demand
What is meant by demand 1,
What is derived demand give an ex...,
What is the law of demand 3
31
cards
2.3 Supply
What is supply 1,
What is the law of supply 2,
Why does the supply curve slope u...
26
cards
2.4 Price
What does price mean 1,
How is price a reflection of worth 2,
What are the three functions of p...
16
cards
2.5 Competition
What are 3 features of a competit...,
What is meant by competition 2,
What is price competition 3
18
cards
2.6 Production
What three groups can be producers 1,
What is the role of producers 2,
How can individuals be producers ...
36
cards
2.7 The Labour Market
What is the labour market 1,
What is the role of the labour ma...,
What three main labour markets ex...
18
cards
2.8 The Role of Money and Financial Markets
What is money 1,
What does money consist of 2,
What is not considered to be mone...
33
cards
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Economics OCR GCSE Paper 1
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